Workplace Report October 2008

Pay and prices

Average earnings indices (including bonuses)

Earnings index* for whole economy % annual rise
Whole economy Manufac-turing Services Private sector Public sector
June 2007 (r) 131.2 3.3 3.9 3.3 3.3 3.1
July (r) 131.5 3.8 4.3 3.8 4.2 2.5
August (r) 132.4 4.3 2.9 4.7 4.5 3.2
September (r) 132.9 4.2 2.3 4.5 4.4 3.2
October (r) 132.9 3.7 2.6 4.0 3.8 3.2
November (r) 133.5 4.2 3.5 4.2 4.4 3.4
December (r) 133.8 3.7 4.2 3.7 3.8 3.3
Jan 2008 (r) 134.3 3.8 3.7 3.9 3.8 3.6
February (r) 135.1 3.7 3.1 3.7 3.4 4.1
March (r) 135.2 4.5 4.4 4.9 4.6 3.7
April (r) 134.9 3.8 3.0 4.0 3.7 3.8
May (r) 135.3 3.4 3.3 3.5 3.5 3.1
June (r) 135.8 3.4 2.5 3.7 3.6 2.9
July (r) 136.3 3.6 2.8 3.9 3.5 4.0
August (p) 136.6 3.2 3.0 3.3 3.1 3.6
Headline rate**for Aug 3.4 2.8 3.7 3.4 3.5

* 2000=100. ** Average of earnings increases for latest three months compared to a year earlier. (r) revised. (p) provisional. Source: National Statistics.

Average of average earnings forecasts for 2008 is 3.7% (HM Treasury).